The six-bedroom property is in Old Las PalmasPicture courtesy of Redfin

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Leonardo DiCaprio is the latest in a long line of A-listers to move to Palm SpringsGetty Images

Rhys Blakely

Last updated at 12:01AM, March 14 2014

He may have lost out at the Oscars, but the Hollywood actor has picked up a six-bedroom pad for a bargain price

Leonardo DiCaprio may have missed out on an Oscar last Sunday, but he has picked up another trophy: an achingly hip $5 million (£3 million) estate in the Californian desert resort of Palm Springs.

The 39-year-old star of The Wolf of Wall Street has bought a six-bedroom property in Old Las Palmas — a neighbourhood where Liberace, Elizabeth Taylor, Katharine Hepburn, Kirk Douglas and Lucille Ball once owned homes. DiCaprio’s 7,000 sq ft house was built in 1965 and has been labelled a “jewel of mid-century architecture”. It comes with a swimming pool, a tennis court, a detached gym and a